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MOMBASA, Kenya (AP) -- Undeterred by U.S. and French hostage rescues that killed five bandits, Somali pirates brazenly hijacked three more ships in the Gulf of Aden, the waterway at the center of the world's fight against piracy.Pirates have vowed to retaliate for the killing of their colleagues - and the top U.S. military officer said Tuesday he takes those comments seriously.But Adm. Michael Mullen, chairman of the Joint Chiefs of Staff, told ABC's "Good Morning America" that "we're very well prepared to deal with anything like that."The latest trophy for the pirates was the M.V. Irene E.M., a Greek-managed bulk carrier sailing from the Middle East to South Asia, said Noel Choong, who heads the International Maritime Bureau's piracy reporting center in Kuala Lumpur.The Irene was attacked and seized in the middle of the night Tuesday - a rare tactic for the pirates.

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Appraisal Services Network is an appraisal management company as defined in the Home Valuation Code of Conduct. We can provide all of your appraisal needs. We have a pool of independent appraisers in every county to give you rapid professional appraisal service.

At Appraisal Services Network we are taking a 3 tier approach to helping you establish market value. Tier 1 is a tax ratio value that can be used as a starting point. This type of valuation is free and is the least reliable of the 3 tiers.. Tier 2 is a Limited use Desktop Appraisal where actual recent sales are researched based upon public records , information submitted through the website and has a reducedcost between $75.00 and $100 dollars. This tier is more accurate than a Tier 1 or tax ratio value but less accurate than a tier 3 full appraisal. Tier 3 is a full appraisal utilizing all applicable approaches to value, is the most reliable method of determing the value of your home. Fees vary depending on size, location and report return time.

On May 1, 2009 the relationship between licensed appraisers and lenders will change dramatically. All loans originated after that date will need appraisals made under the new Home Valuation Code of Conduct. Lenders may no longer hire or pay appraisers directly. Appraisals must be ordered through an Appraisal Management Company by a non-commissioned employee of the lender / mortgage broker.

The Home Valuation Code of Conduct (the ----Code) is the result of a joint agreement between Freddie Mac, the Federal Housing Finance Agency (FHFA), and the New York State Attorney General to enhance the independence and accuracy of the appraisal process, and provide added protections for homebuyers, mortgage investors and the housing market.

The Code specifically prohibits lenders from accepting appraisal reports completed by an appraiser selected, retained or compensated in any manner by mortgage brokers and real estate agents. Please refer to Section III.A. of the Code for further information regarding who is authorized to select and retain appraisers.

Lenders may use appraisal management companies to obtain appraisals as long as they comply with the requirements of Section IV.C. of the Code.

We serve lenders of all types; mortgage brokers, mortgage bankers, banks, savings & loans and more.

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